Property Description
**** INDIAN ROCKS BEACH INVESTMENT PROPERTY **** A unique opportunity to own a turnkey investment property in this quiet location. Nestled between the Gulf & Intracoastal. Beach access, a short 2-minute walk at the end of 24th Ave N, and a small park on deep-water Intracoastal across the street. The current owner has owned and meticulously maintained the property for over 20 years. No Rental Minimum and NO HOA! The property consists of 5 separate – 2 bed / 1 bath units all updated and maintained. Each unit has a private patio and Washer/Dryer hookup/storage area. **Live in one unit and rent out the rest or use a local management company and have a hands-free Seasonal/VRBO/Airbnb income rental** THE WINDOWS ARE HURRICANE IMPACT!! Non-smoking building, inside and out. The Kitchen appliances include: Refrigerator, Range, Dishwasher, and built-in Microwave. THIS PROPERTY HAS 3 PARKING SPACES PER UNIT!! The only property of its size for Indian Rocks Beach (IRB) with this amount of parking. Block construction, Block walls between each unit, and firewalls between apartments in the attic. Each unit is metered separately for Electric, Water/Sewer. The building shows pride of ownership. **Currently Tenant Occupied and Annual Lease to 2024 – $96, 062K. An increase in revenue is easily attainable as current rents are below market value. Perfect setup to convert to Airbnb. Comparable Short-Term Rentals in Indian Rocks Beach $200-$250k in gross income. Buyer to verify comparable income. **PLEASE DO NOT DISTURB TENANTS! ** Schedule a Private Showing today.
Features
- Heating System:
- Central
- Cooling System:
- Central Air
- Parking:
- Parking Spaces - 19 to 30
- Flooring:
- Tile
- Sewer:
- Public Sewer
- Utilities:
- Electricity Available, Water Connected, BB/HS Internet Capable
- Window Features:
- Double Pane Windows, Impact Glass/Storm Windows, Window Treatments, Insulated Windows
Appliances
- Appliances:
- Dishwasher, Refrigerator, Microwave
Address Map
- Country:
- US
- State:
- FL
- County:
- Pinellas
- City:
- Indian Rocks Beach
- Subdivision:
- INDIAN BEACH RE-REVISED 16TH ADD
- Zipcode:
- 33785
- Street:
- BAY
- Street Number:
- 2308
- Street Suffix:
- BOULEVARD
- Longitude:
- W83° 9' 18.2''
- Latitude:
- N27° 54' 19.8''
- Directions:
- Head West on West Bay Dr towards the Gulf of Mexico. Go left (south) on Gulf Blvd., Make a left on 24th Ave N. Go to the end of Bay Blvd. Building on the right.
- Mls Area Major:
- 33785 - Indian Rocks Bch/Belleair Bch/Indian Shores
Additional Information
- Lot Size Dimensions:
- 60x156
- Water Source:
- Public
- Virtual Tour:
- https://www.propertypanorama.com/instaview/stellar/U8216586
- Stories Total:
- 1
- Previous Price:
- 2300000
- On Market Date:
- 2023-10-12
- Number Of Units Total:
- 5
- Lot Features:
- Corner Lot
- Levels:
- One
- Foundation Details:
- Slab
- Electric:
- Separate Meters
- Construction Materials:
- Block, Stucco
- Building Size:
- 4186
Financial
- Tax Annual Amount:
- 12460.47
Listing Information
- List Agent Mls Id:
- 260043089
- List Office Mls Id:
- 260030879
- Listing Term:
- Cash, Conventional
- Mls Status:
- Active
- Modification Timestamp:
- 2024-01-04T01:56:09Z
- Originating System Name:
- Stellar
- Special Listing Conditions:
- None
- Status Change Timestamp:
- 2023-10-12T21:10:59Z
Commercial Sale For Sale
2308 Bay Boulevard, Indian Rocks Beach, Florida 33785
3,820 Sqft
$2,100,000
Listing ID #U8216586
Basic Details
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Listing ID :
- U8216586
- Price :
- $2,100,000
- Square Footage :
- 3,820 Sqft
- Year Built :
- 1972
- Lot Area :
- 0.21 Acre
- Property Sub Type :
- Multi-Family
- Roof:
- Shingle
Agent info
Contact Agent
